he U.S. oil benchmark, WTI Crude, jumped early on friday to above $65 a barrel, soaring by more than 6 percent, after OPEC+ sources began telling reporters that the coalition may be close to agreeing not to increase their collective oil production in April.
According to delegates, the discussion is now about a rollover of production for all members Amena Bakr, Deputy Bureau Chief & Chief Opec Correspondent at Energy Intelligence, tweeted.Saudi Arabia, OPEC’s top producer and de facto leader, is proposing a rollover of the current level of cuts into April and May, according to various reports. In addition, Saudi Arabia will be keeping its additional 1 million barrels per day (bpd) production cut in April, too. That extra cut was initially planned to last only in February and March.
this was the trigger for last nights oil jump look for further buying opportunities
According to delegates, the discussion is now about a rollover of production for all members Amena Bakr, Deputy Bureau Chief & Chief Opec Correspondent at Energy Intelligence, tweeted.Saudi Arabia, OPEC’s top producer and de facto leader, is proposing a rollover of the current level of cuts into April and May, according to various reports. In addition, Saudi Arabia will be keeping its additional 1 million barrels per day (bpd) production cut in April, too. That extra cut was initially planned to last only in February and March.
this was the trigger for last nights oil jump look for further buying opportunities
